Stocks to Watch: UBNT, FB, LNKD & More

Ubiquiti Networks moved higher after the Internet-gear maker won a favorable court ruling against an alleged counterfeiter. The stock, however, is still down more than 50 percent over the past 3 months. The owner of Ubiquiti, Robert Pera is currently having his $350 million bid for the NBA’s Memphis Grizzlies reviewed by the league.

Facebook gained ground on news the company is planning to launch a jobs posting board. But that sent LinkedIn’s shares lower.

Apple was higher after Piper Jaffray analyst Gene Munster made some positive comments about the company’s upcoming smaller iPad, which he said will start at $299.